Lawrence Aragon
The fight over how to tax carried interest is back in full swing, as President Trump suggested ending the current treatment, which taxes carry at 15% instead of at the rate of ordinary income.
During Musicco's brief tenure, CalPERS substantially boosted its investment in venture capital funds as part of a larger effort by the CIO to grow private market exposure.
'There is more than $130bn of supply, and supply keeps building, but the bid prices are averaging 40% to 65% off NAV, and this is holding back any sellers in the market from transacting,' says Industry Ventures founder and CEO Hans Swildens.
The subsidiary of Hercules Capital has formed a new private credit lending programme following the failure of Silicon Valley Bank, which was a lender and banker to about half of the VC-backed tech and life sciences start-ups in the US.
If the FDIC doesn't find a buyer for SVB by Monday, some of its small tech company customers will likely struggle to meet their payrolls — and some may have no choice but to furlough employees or even file for bankruptcy protection, experts said.
A.R.I Venture Debt Opportunities Fund is in the market just as founder Zack Ellison is seeing a surge of interest from potential borrowers and investors desperate for returns in a market downturn.